The issue of legality is one key part of our life and there is no two way about it because without the laws regulating all of our activities, it will only result in a situation of anarchy which we all wont want for whatever reason and that means that every of our invention or development must find a way to comply with the established laws and if not it should massive enough to force a new law to be made in that.

In the case of bitcoin, the current law to me cannot withstand it because a lot of those laws have been made at a point where every development is expected to follow a particular pattern and that is recognizing the supremacy of government over the citizenry but bitcoin is doing something else from that and to accommodate bitcoin, new laws will need to be made. We should only hope that bitcoin can force that.